Banks must get going on lending
The improvement in bank lending revealed in the Department of Finance's SME Lending Demand Survey, published last week, was welcome, writes Patricia Callan.
The improvement in bank lending revealed in the Department of Finance's SME Lending Demand Survey, published last week, was welcome.
An increasing number of SMEs (39 per cent) are now seeking credit. Of these, 76 per cent of applications had been approved by the banks.
With a quarter of SMEs still facing refusals for essential bank finance, however, many small businesses will find it difficult to keep their doors open or get their new business idea off...
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